TradingMarkets 7 Stocks You Need to Know for Wednesday

• By David Goodboy
• On 4:22 pm EDT, Tuesday September 8, 2009

Gold spiked higher on investors fears and desires to hedge their holdings after the run up in equities. Bursting through the technical resistance level of $1000.00/share, gold quickly fell back closing beneath the $1000 threshold on the day. Word of a 20 nation agreement to keep stimulus packages in place and interest rates low depressed the U.S. Dollar to yearly lows. In addition, U.S. consumer credit dropping to record lows failed to stymie stocks from rallying with the DJIA advancing 56.07, the tech heavy Nasdaq climbing 18.99 and the broad based S&P 500 adding 8.99.

Here are 7 stocks you need to know for Wednesday.

Well known book and financial title publisher, John Wiley & Sons, (NYSE:JW-A - News) is expecting to see fiscal first quarter 2010 EPS of 38 cents Wednesday before the trading session. The Short Term PowerRating for JW-A is 4.

Clothing retailer, Talbots (NYSE:TLB - News), hopes its fiscal 2nd quarter 2010 loss does not exceed the expected negative 52 cents/share. The Short Term PowerRating for TLB is 4.

Hi Tech Pharmacal (NasdaqGS:HITK - News) has its eyes set on a fiscal first quarter 2010 EPS of 18 cents. HITK will release earning prior to the opening bell on Wednesday. The Short Term PowerRating for HITK is 5.

Signet Group (NYSE:SIG - News) has analysts looking for 21 cents/share for its fiscal second quarter 2010 before the trading day. The Short Term PowerRating for SIG is 5.

Cadbury (NasdaqGS:CBRY - News) rejected Kraft's (NYSE:KFT - News) $16.7 billion takeover offer saying it undervalues the company. The Short Term PowerRating for KFT is 6.

Coca Cola (NYSE:KO - News) lobbyists are vigorously fighting a potential President Obama's proposed tax on sugary soft drink. The Short Term PowerRating for KO is 5.

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